Afraid Your Successor’s Vision Will Kill The Business?
Change is hard, especially when we have no control over it. For family business owners, especially, there’s nothing harder than having to sit by and watch a successor take over and begin to tinker with the company that took you years—even, decades—to build and...
Master Change… or Die as a Business
“If it ain’t broke, don’t fix it.” That may be sound wisdom for kitchen sinks and brake pads, but does it work in business? Sure… if you want your company to peter out. Family-owned or not, companies and businesses that last for generations share one thing in common:...
Retiring Business Owners: Here’s How NOT to Fund Your Retirement
According to a study by BMO Wealth Institute, 68% of business-owning Boomers nearing retirement have less than $100,000 saved for their future. Why have these owners saved so little? 32% say they haven’t saved for retirement because they plan to sell their business....
Please… Just Leave! You’re Driving Your Employees Nuts
Transitioning the business from one generation to the next can be an awkward and confusing time for everyone involved. As the next generation takes over, successors and employees alike find themselves struggling to feel their way to a new sense of equilibrium in the...
Is Your Business Repelling Your Successor?
Retirement is on the horizon, and you know its time to lock down a successor to manage your family business. Wisely, you’ve spent the past few months looking hard at the family members working in the business and deciding what you need in the person who’ll take over....ABOUT US
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